Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

TSX:AOI - Post by User

Africa Oil Corp. > Initiated a position in AOI

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Comment by Esiiiiion Sep 17, 2024 12:19am

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Post# 36226600

RE:RE:RE:RE:RE:RE:Initiated a position in AOI

Hi lol, hmm how is it Canadian schools today, worse then Swedish? So 470.000.000 x 1.54 (100 %+54 %) = 723.800 is the new number of stocks with consolidated Prime. Old owners are 470.000.000 (65 %), BTG gets 723.800.000-470.000.000 = 253.800.000 shares (35 %) for prime.

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